Oil & Gas
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FEC approves $1.5bn for rehabilitation of Port Harcourt refinery
The Federal Executive Council (FEC) has approved $1.5 billion for the rehabilitation of the Port Harcourt refinery which is said…
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DPR sanctions Abuja filling stations for over pricing, hoarding
THE Abuja Zonal Office of the Department of Petroleum Resources, DPR, has cracked down on errant petrol stations in the…
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N69.51bn, $5.31bn still unrecovered from oil industry operators — NEITI
The new Executive Secretary, Nigeria Extractive Industries Transparency Initiative, NEITI, Dr Orji Ogbonnaya Orji, has revealed that statutory recoverable revenues…
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Full deregulation of petrol price coming, FG declares
Petrol pricing will be fully deregulated before end of this year, Minister of State for Petroleum Timipre Sylva said yesterday.…
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Happening Now: Motorists besiege Abuja stations as petrol sells for N212 per litre
Petrol queues re-emerged in Abuja, the nation’s capital and its environs on Monday, following the release of a new petrol…
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NNPC justifies N865bn deductions from source, says it’s for ‘operational purposes’
Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, yesterday, justified the deductions made by his…
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DPR seals 86 illegal gas plants in Lagos
The Department of Petroleum Resources (DPR) has said it shutdown 86 Liquefied Petroleum Gas (LPG) plants in Lagos State in…
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Fiscal framework will enhance gas development — NNPC GMD
The Nigerian National Petroleum Corporation (NNPC) has called for a legislative framework with clear fiscal terms in order to tap…
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Why we must correct anomalies in gas sector – Gbajabiamila
The Speaker of the House of Representatives, Hon. Femi Gbajabiamila, on Monday said Nigeria’s gas sector has the potential to…
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DPR to sanction marketers hoarding petroleum products
The Department of Petroleum Resources (DPR) says it will not hesitate to apply appropriate sanctions on marketers engaged in the…
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